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SKLB Little info -


Item 2. Management’s Plan of Operation

Overview

As used in this Quarterly Report, the terms "we", "us", "our", and the "Company" mean Skintek Labs, Inc., a Delaware corporation. On April 30, 2001 we entered into a Share Transfer Agreement with Performance Brands, Inc. ("PBI") and our former president and sole director, Stacy Kaufman. In the agreement we transferred all PBI shares to Kaufman. As a result of the share transfer transaction, we have become a non-operating company, no longer have any subsidiaries, and we are seeking a business combination or other transaction with a third party including possible sale of stock resulting in a change in control, that we believe will be in the best interests of our shareholders, including our principal shareholders ("Transaction").

Our current activity is limited to seeking new business opportunities. We will use our limited personnel and financial resources principally in connection with structuring and consummating a Transaction and it may be expected that any Transaction will involve the issuance of our shares of common stock. To the extent that common stock is used as consideration to effect a Transaction, available cash, if any, of which there can be no assurance, will in all likelihood be used to finance new operations that may result from a Transaction. At March 31, 2002, we had no cash or other current assets.



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